Fraternity Federal
 
 

Business Checking Accounts

 

Rates Effective: October 8, 2008

 

Account Type

 

Minimum Deposit to Open Account

Minimum Balance to Obtain     APY*      

 Annual Percentage Yield**

Interest Rate

NOW Checking 

Variable

$300.00

$10.00

0.50%

0.500%

Commercial Checking   

$100.00

 N/A

 N/A

 N/A

                   

Commercial Checking

  • Non-interest bearing
  • Monthly imaged statements
  • Minimum balance to open $100
  • Monthly maintenance fee $10
  • 80 items free, then $0.17 per item
  • Available for Corporations, Partnerships and Unincorporated Businesses

 Now Checking

  • Minimum balance to avoid check writing and  monthly service charge $300 
  • Interest continuously compounded and credited monthly
  • Monthly imaged statements
  • Available for Sole Proprietor and Non-Profits